Companies in the NA sector have received a lot of coverage today as analysts weigh in on Reddit Inc Class A (RDDT – Research Report) and Astera Labs, Inc. (ALAB – Research Report).
Reddit Inc Class A (RDDT)
J.P. Morgan analyst Doug Anmuth maintained a Hold rating on Reddit Inc Class A today and set a price target of $57.00. The company’s shares closed last Tuesday at $49.40.
According to TipRanks.com, Anmuth is a 5-star analyst with an average return of
Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $55.00, which is a 15.2% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $59.00 price target.
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Astera Labs, Inc. (ALAB)
Barclays analyst Thomas O’Malley maintained a Buy rating on Astera Labs, Inc. today and set a price target of $85.00. The company’s shares closed last Tuesday at $76.19.
According to TipRanks.com, O’Malley is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Astera Labs, Inc. with a $85.22 average price target, implying a 12.3% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $95.00 price target.
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Read More on RDDT:
- RDDT Earnings: Reddit Soars after Huge Revenue, Guidance Beat
- Reddit Welcomes New Independent Director with Equity Package
- Apple upgraded, Tesla downgraded: Wall Street’s top analyst calls
- Reddit initiated with a Positive view at OTR Global
- TikTok to remove executive tasked with fending off U.S. claims, Bloomberg says
